If it doesn't work out for you it can easily be sold as a duplex or converted back to a home for resale.There are many ways you could invest in rentals but which one is for you is the question?

Let him and social services work out the details of how the income is reported, and let them explain to him how his benefits will be affected.

I believe it will all work out fine no matter how we have to do it but it's an uncommon scenario for me and I know others have had to end up in the same boat.

Seller knows he/she will have to contend with them someday - maybe it'll work out for you.Tenant who can't afford gas is another red flag, especially in Indiana.

Most of my investments are in the DFW area, but given I work out of the country I'd be looking for some partnering opportunities too.  

I would try to work out the differences before I would lose my funding.Bill

It is then up to you to do a workout with the borrower to get the loan re-performing or if that is not possible, to take possession of the property via deed-in-lieu or foreclosure. 

Of course if investor A has a proprietary wholesaler for all the deals, investor A should work out a deal with the wholesaler, that allows him a little more back in the deal than usual and lets investor B know what he will get for saving investor B sooooo much money as his part for finding a deal that investor B couldn't possibly find himself.  

Never been in this situation before, but I have a wholesale deal that is owned outright...is there a best approach to making this work out as favorably as possible?

Realtor should be happy to work out something with you.